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Investor Presentaiton

14 Investment guide Armenia major role in the development of ICT industry in the country, covering every aspect of the industry development - from nationwide ICT related policy development and creation of national representations in global markets, to tailored services for startups, skills development and research projects. EIF acts as a cross-point for all entities in the sector - multinationals and small startups, public institutions and international organizations, and brings them all together to act jointly towards the ultimate goal of ICT excellence. Furthermore, multiple projects have been designed and implemented for the development of ICT sector in Armenia, such as: Granatus Ventures - Armenian first Venture Fund Various grant programs, including Deal Generation Matching Grants (within the framework of World Bank's EIC Project), Establishment of Technology Centers The Government emphasizes the importance of regional development via creation of regional ICT centers. That will lead to more proportional and balanced development of the ICT sector in the country enabling the talented young professionals from the regions to utilize their knowledge and skills in their homeland. Among the regional projects implemented in the sector in recent years are: Gyumri Technology Center Vanadzor Technology Center Kapan Mobile Solutions Laboratory The Centers are aimed at creating an enabling environment of opportunities and services that would promote job creation, will support talented youth and provide incentives for innovative business ideas and companies ultimately contributing to the sustainable growth of the region by involving and attracting new investments. To support the ICT industry, the Government of RA has initiated the introduction of targeted tax privileges for startup IT companies (the law was ratified by 2015). A simplified procedure is set for creating start- ups, and the start-ups have to pay only 10% income tax and 0% profit tax during the first three years of operation. Among the recently launched successful Armenian startups are: PicsArt - 75 million monthly active users and 300 million installs, PicsArt was named one of the top 5 "Hottest Startups of 2015" by Forbes and Google Play ranked PicsArt as one of the "Best Apps of 2015." SoloLearn -a global coding community, has grown in popularity among millennials and students by providing an entertaining environment for young people to improve their coder ranking through diverse activities, including interactive lessons, coding exercises, peer-to-peer challenges, and community Q & A. With over 90% of its community coding on mobile, more than 2M profiled coders, and 7M coding activities weekly, SoloLearn is a vibrant and receptive environment for early coders and professionals alike. Shadowmatic - an iOS app developed by the Yerevan-based Triada Studio which won the prestigious Apple Design Award in 2015; Joomag Company - providing integrated solutions for publishing, distributing, tracking and monetizing publications online (creating digital interactive magazines, newsletters, blogs, catalogues, brochures, and e-books) to more than 300,000 worldwide publishers and many more. The first Armenian Venture Fund, Granatus Ventures initiated in 2013 by co-investments from the Government of Armenia aims at stipulating the creation of new start-up companies and the generation of the innovative businesses. The main directions of the fund's investments are: information and communication technology, engineering, material science, clean technology and health care. KPMG ©2016 KPMG Armenia cjsc,. All rights reserved.
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